Market News – Page 400
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NewsGreenwood named to head Suzuki Tech Center
Industry veteran David Greenwood has worked at Suzuki for 34 years
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News
Layoffs at NMMA
The National Marine Manufacturers Association (NMMA) in the US is dismissing more than 20 staff members effective immediately as a result of COVID-19, IBI has learned from international sources. The positions appear to be at all levels throughout the organisation. An official announcement is expected in the coming hours. The ...
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NewsBoating BC announces 2020 grant recipients
A Canadian marine trade association has awarded more than $20,000 in grants and sponsorships to support a wide range of initiatives designed to boost recreational boating in the province of British Columbia.
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NewsEcoworks Marine appoints NZ distributor
UK-based Ecoworks Marine has expanded into the Southern Hemisphere with the appointment of 37 South as its official distributor in New Zealand.
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NewsTwo more flagship Silent 80 catamarans sold
Silent Yachts has sold six units of its flagship model since launch
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NewsArcadia Yachts announces sale of new Sherpa XL
The Italian builder also has another four yachts on order
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NewsAmels on track to launch nine yachts in 2020
Dutch superyacht maker Amels is confident it will be able to launch nine yachts in 2020, despite the coronavirus’ debilitating impact on the company and the Dutch economy as a whole.
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NewsPrincess Yachts appeal to UK government answered
Following an urgent request for government backing made by its executive chairman Antony Sheriff on the 26th March, Princess Yachts has managed to secure the funding which it was being denied as an apparent oversight in the government’s Corona Large Business Interruption Scheme. Initially the company was caught in the ...
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NewsMaverick Boat Group adapts to remain operational
Maverick Boat Group (MBG) continues to build its four brands at two locations in Fort Pierce, Florida, despite the challenges of producing product under the rules of engagement with the COVID-19 virus, and company CEO Scott Deal went to Facebook on Friday to make it clear.
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NewsSA boatbuilders start to cut salaries as possible lockdown extension looms
South African boatbuilders have started cutting salaries or forcing employees to take unpaid leave due to the coronavirus lockdown, according to results of an industry survey.
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NewsMarine lenders working with boaters/dealers, independently
A call for US marine lenders to temporarily postpone boat loan payments is being answered, but not collectively or formally, according to bankers involved in both consumer and commercial boat loans. National Marine Lenders Association president John Haymond – a Sr VP of Business Development with Medallion Bank – told ...
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NewsPolish builder continues production, exports despite coronavirus outbreak
Polish boatbuilder Balt-Yacht says that, despite the ongoing coronavirus outbreak, its sales have not significantly decreased, with only a handful of orders cancelled by customers. The company is also proceeding with exports of its yachts.
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NewsFairline appoints sales manager for the Americas
The UK’s Fairline Yachts has appointed Steve Leeson as sales manager for the Americas.
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NewsDutch boating sector issues vouchers for cancelled services
The Dutch recreational boating sector has launched a voucher system for people who have paid for a rental, training course, holiday package or other service that was cancelled due to the coronavirus outbreak. The vouchers can be used at a later date for a new booking with the same company ...
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NewsRiviera launches online boat show
Australian motoryacht builder is launching its own boat show, featuring a limited selection of new Riviera and Belize motoryachts that will be available for enjoyment in the near future. The show is intended to inspire new owners to start thinking about the coming boating season and their future boating escapes.
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NewsNew marina projects planned for Bahamas and Costa Rica
South Abaco island and Puerto Limon to get new facilities
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NewsMarine manufacturers seek out production opportunities
US marine manufacturers large and small continue to look for opportunities to aid in the fight against the COVID-19 pandemic while keeping people safe and working.
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NewsLatest Spanish data reflects impact of coronavirus
Market plummets in March as lock downs take their toll
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NewsMarineMax expects Q2 revenues equal to or above 2019
America’s largest boat retailer announced expected revenues for its second quarter ending 31 March of $303 to $308 million, along with further insights on how the Cornovirus is affecting the company
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NewsSome US boat dealers note sales uptick despite Covid-19
Interest rate cuts and low fuel prices said to drive interest in boating as a means of social distancing
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